The community seems to have been offline for greater than 24 hours.
Polyogn zkEVM, Polygon’s flagship scaling resolution, is again up and operating after experiencing a extreme outage.
polygon report The problem was attributed to a sequencer failure after Tier 1 on Saturday night time.
The merchandise follows up 27 hours later declare Polygon zkEVM has returned to regular operations following the intervention of the emergency committee. Any additional system updates will probably be topic to a 10-day time lock earlier than being activated after the community exits emergency mode.
Regardless of the disruption, Polygon’s MATIC token gained 5% in 24 hours amid a broader rally within the cryptocurrency market, in line with CoinGecko.
Previous to this incident, Polygon zkEVM had a sluggish begin after deploying a mainnet beta in March 2023, with community throughput and complete worth locked (TVL) lagging behind competing zero-knowledge aggregations, whereas transaction charges remained excessive.
Polygon’s strongest ever each day throughput for zkEVM was posted in August, when it processed simply 1.41 transactions per second (TPS) over a 24-hour interval. This statistic ranks Polygon zkEVM at twenty third out of 35 L2 networks ranked by L2beat, with main zero-knowledge aggregation zkSync Period topping the checklist with 62 TPS.
Regardless of weaker throughput, Polygon zkEVM charges continued to outpace zkSync Period, Starknet, and Linea all through March.
Because the launch of the Ethereum Dencun laborious fork two weeks in the past, Polygon zkEVM transaction charges haven’t dropped together with different L2s, because the Polygon chain doesn’t but help EIP-4844. Polygon is getting ready to roll out help for EIP-4844 subsequent month.
Polygon zkEVM’s community TVL has additionally grown fairly slowly, presumably because of the lack of potential airdrops for early adopters. The community is at present ranked 14th with property value $157 million, with Starknet in sixth place with $1.53 billion, zkSync Period in ninth place with $765 million, and Linea in tenth place with $424 million.
Nonetheless, in June Polygon introduced plans to later merge its zkEVM and PoS sidechains, with the latter community at present internet hosting $1.18 billion in its DeFi ecosystem, in line with DeFi Llama.
